If people are not working
they go hungry,
they create civil disorder,
and talents are wasted.

It’s no way to run a country.      

If people are not working,
they’re not earning or spending,
so taxes don’t come in,
and unemployment benefits are paid out.

It’s no way to balance the budget.

IT’S THE BANKS, STUPID!

The Banks gamble their/our money, lose it all and go bankrupt, so the government steps in with a rescue package thereby throwing the government itself into even deeper debt. Great for the banks, but for the rest of us, it’s Austerity... or....

As governments get drawn into Bank rescue operations, traditional economists make dark threats about the dangers of governments running the banking system. But the reality is that a nation’s banking and monetary system is a vital, indeed the most important element of its infrastructure, and as such it currently lacks any sense of obligation, fails dismally to support the needs of industry, and may even bring down its government.

There is thus ample justification, if not an urgent necessity, for a fundamental review of our banking and finance system, what we require from it, and how best our needs for trade, and investment in commerce, industry and infrastructure can be supplied efficiently and cost-effectively. This is not a new challenge, and other nations, other economies, other periods in history have found workable solutions.

Job creation in industry and infrastructure is not a problem. And it sure beats austerity.

When finance serves industry,
we can create jobs and growth NOW.
The mechanisms are there, tried and tested.
And it’s not rocket science.
Economics & Prosperity

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